Company Registration No. 07703824 (England and Wales)
JANE KERSEL LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2016
JANE KERSEL LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
JANE KERSEL LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
8,412
7,840
Current assets
Stocks
24,750
26,825
Debtors
1,926
1,130
Cash at bank and in hand
33,287
21,179
59,963
49,134
Creditors: amounts falling due within one year
(46,164)
(52,960)
Net current assets/(liabilities)
13,799
(3,826)
Total assets less current liabilities
22,211
4,014
Provisions for liabilities
(1,682)
(1,568)
20,529
2,446
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
20,429
2,346
Shareholders' funds
20,529
2,446
For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 15 March 2017
Ms Jane E Kersel
Director
Company Registration No. 07703824
JANE KERSEL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for services rendered.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% Reducing Balance
1.4
Stock
Stock is valued at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2015
14,293
Additions
2,906
At 31 July 2016
17,199
Depreciation
At 1 August 2015
6,453
Charge for the year
2,334
At 31 July 2016
8,787
Net book value
At 31 July 2016
8,412
At 31 July 2015
7,840
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100
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